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Listed by:CENTURY 21 North Homes Realty • Nit Niranjan
$500,000
Est. payment /mo
0.31 Acres Lot
Active
625 UNION AVE SE Olympia, WA 98501
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Olympia
MLS Listing ID 2325187
Style 42 - Multi-Family
Annual Tax Amount $2,723
Lot Size 0.307 Acres
Lot Dimensions 120 x 111
Property Sub-Type Land
Property Description
Located three blocks from the Capitol Building, this 120 ft x 111 ft size lot, 120 ft frontage on Union Avenue SE, making it exceptionally suitable for a variety of developments including apartment buildings, senior housing, homeless shelters, and more due to its "Urban Residential" zoning(UR), which could permit up to 5 story 42 ft height with 85% lot coverage, a 10 ft front setback, 5 ft rear set back, no side setbacks can provide 11,000 SF lot coverage X 4 story building (44,000 SF for 45-60 unit apartment or senior housing or 70 homeless housing units ). No parking required for residential apartment,senior housing or home less shelter . previously used as a parking lot for an office building.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Fireplace false
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N Yes
View Territorial
Building
Lot Description Paved
Sewer Available, In Street
Water Available
Schools
Elementary Schools Lincoln Elementary
High Schools Olympia High
School District Olympia
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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